MGM China Reports 2024 First Quarter Results
MGM Resorts International (MGM)
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Source: PR Newswire
Record-High Performance and Market ShareHONG KONG, May 2, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2024 (the "Period").The Group is pleased to see a continuous recovery in Macau. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 2019.Gross gaming revenue (GGR) in Macau also continued to see sequential growth over the quarters. Headline GGR rose 7% quarter-to-quarter to MOP630 million per day in first quarter 2024, represented 74% of same period 2019. Most importantly, mass GGR was estimated to be up approximately 5% quarter-to-quarter to hit all-time highs, recovering to approximately 110% of pre-COVID, ramped from 104% in four quarter last year.MGM China is glad to record sequential growth across segments and
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MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MGM's page on the SEC website